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New Barns Way, Chigwell, Essex, IG7

London

£1,250,000
Listed on 10/03/2026

Property Details

Bedrooms
4
Type
Detached house
Area
1809 sqft

Description

This spacious four-bedroom detached family residence offers a prime opportunity for renovation and investment, located within a short stroll to Chigwell’s Central Line and surrounded by reputable schools, shops, and various local amenities. With over 1,800 square feet of living space spread across two levels, the property is currently well-presented but holds significant potential for further development, subject to obtaining the necessary planning permissions. Upon entering, you are greeted by a generous porch leading to a hallway featuring attractive stone flooring. The ground floor includes a sizable lounge measuring 25'2" x 12'9", complete with a charming feature fireplace and ample windows allowing natural light to pour in. Adjacent is the dining room (13'10" x 11'8") which opens into a modern fitted kitchen equipped with high-quality integrated appliances including a Bosch double oven and Hisense fridge-freezer. A conservatory off the kitchen (12'6" x 8'2") provides direct access to the landscaped rear garden, while an additional utility room offers practical storage solutions. A dedicated study rounds out the first floor’s practical layout. On the upper level, you will find four well-proportioned double bedrooms; three include fitted wardrobes. The family bathroom features modern finishes along with underfloor heating. Outside, the beautifully landscaped rear garden measures approximately 80' x 35', complete with a large patio area and well-maintained lawn – an ideal canvas for outdoor enhancements. The front of the property boasts a block-paved driveway providing excellent off-street parking options. This home not only meets current family needs but also presents an exciting chance for enhancements that can significantly increase its value in this desirable London location.

Investment Analysis

(IG7 area)

Above Market Value

This property is priced +32.7% above area average per sq ft

+32.7%
This Property
£691/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£595
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£1,036,340
10% above area average per sq ft
Potential ROI
-21.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (IG7)

Area prices are falling by -5.6% over the last 12 months
3 year growth: -10.8%
5 year growth: -7.9%
Investment Disclaimer: Analysis based on IG7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

New Barns Way, Chigwell, Essex, IG7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,508
Based on a loan of £937,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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